Industry representatives in a House hearing pointed to the Biden administration’s cyber reporting mandate as an example of overlapping regulations.

Attacks on banks in more than 15 countries used sophisticated spearphishing and off-the-shelf tools.

One disruption at a bank, a long legal battle and the case of a missing $9 million.

The banking groups say they support the rule's policy goals, but want to alter its reporting threshold.

He said he's more concerned about a cyberattack than he is of another global financial crisis.

The rule requires financial services companies to notify regulators within 36 hours of a major cyber incident, but that's just for starters.

From 2009-12, Aleksandr Musienko "partnered with Eastern European computer hackers to obtain over $3 million from U.S. victims’ bank accounts and launder the stolen funds," prosecutors said.

It could only be a matter of time before the hackers begin using the malware against banking customers.

Customers at big banks like Chase, the Royal Bank of Canada, and London-based HSBC are among the targets, researchers said.

Banking trojan operators are upping their game, researchers say.